The fundamental and intricate facets of managerial accounting are thoroughly explored in the masterclass course. Following an overview of the fundamentals, this course delves deeply into issues of process costing versus work cost, which are critical to precisely estimating project expenses. Learning how to evaluate cost behaviour and how it affects strategic and operational choices will be imparted to participants. Budgeting strategies that improve financial forecasting and planning are also covered in the programme. The concluding segment covers the capital investment choices and performance appraisal, imparting techniques for effectively evaluating the health and profitability of corporations.
Enrol in this Managerial Accounting Masterclass course and elaborate your career today!
Learning outcome
Understand the principles and objectives of managerial accounting.
Differentiate between process costing and job costing techniques.
Analyze various types of cost behavior in business scenarios.
Develop comprehensive budget plans for better financial management.
Implement performance evaluation techniques to assess organizational efficiency.
Make informed decisions regarding capital investments.
Apply managerial accounting tools to real-world business challenges.
Master essential managerial accounting skills to boost your career.
Enhance your ability to make strategic financial decisions.
Gain proficiency in budgeting and financial planning.
Learn to evaluate business performance comprehensively.
Prepare for advanced roles in financial management.
Career Path
Financial Manager
Cost Accountant
Budget Analyst
Internal Auditor
Financial Analyst
Requirements
Basic understanding of accounting principles.
Commitment to actively participate and complete assignments.
Access to financial calculation tools or software.
Course Curriculum
Course Curriculum
Section 01: Managerial Accounting Intro
Managerial Accounting Defined
00:05:00
Financial Accounting Compared to Managerial Accounting
00:09:00
Trends
00:14:00
Section 02: Foundation Concepts
Foundation Concepts part 1
00:09:00
Foundation Concepts part 2
00:10:00
Foundation Concepts part 3
00:11:00
Section 03: Process costing vs Job Cost
Process costing vs Job Cost
00:08:00
Job cost part 1
00:10:00
Job cost part 2
00:08:00
Allocating costs to multiple products
00:01:00
Departmental Overhead Rate
00:09:00
Activity Based Costing
00:11:00
Section 04: Cost Behavior
Cost Behavior
00:12:00
Cost Behavior Continued
00:16:00
Break Even Point Changes
00:06:00
Break Even Point Changes
00:06:00
Sales Mix
00:08:00
Pricing
00:13:00
Short Term Decisions
00:13:00
Section 05: Budgeting
Budgeting Intro
00:12:00
Budgeting continued
00:15:00
Operating Budgets
00:06:00
Cash Budget
00:09:00
Budgeted Balance Sheet
00:05:00
Section 06: Performance Evaluation
Performance Evaluation
00:12:00
Performance Evaluation Cont p1
00:11:00
Performance Evaluation Cont p2
00:07:00
Standards
00:09:00
Standard Costs Continued
00:16:00
Section 07: Capital Investment
Capital Investment Decisions
00:12:00
Capital Investment Analysis
00:14:00
Assignment
Assignment – Managerial Accounting Masterclass
00:00:00
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